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Bill Detail: HB20-1417

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Title Care Subfund In The General Fund
Status Governor Signed (06/22/2020)
Bill Subjects
  • Fiscal Policy & Taxes
  • State Revenue & Budget
House Sponsors K. Becker (D)
Senate Sponsors C. Hansen (D)
House Committee Finance
Senate Committee Finance
Date Introduced 06/04/2020
Description

The state received $1.67 billion from the federal coronavirus relief

fund created in the federal Coronavirus Aid, Relief, and Economic
Security Act of 2020 (CARES Act), and the governor allocated $70
million of these federal funds to the general fund for further allocation by
the general assembly for any permissible uses under the CARES Act. The
state controller has set aside this money in a special account, known as
the care subfund.
The bill codifies the care subfund (subfund) in the general fund
and reiterates the requirement that the money in the subfund can only be
used as permitted under the CARES Act. Any state department that
receives an appropriation from the subfund is required to comply with any
reporting and record-keeping requirements established by the state
controller or the office of state planning and budgeting. Any
appropriations from the subfund are excluded from the base for purposes
of calculating the state reserve for fiscal year 2020-21.
The bill establishes that any unexpended amounts before the close
of business on December 30, 2020, revert to the subfund and the state
treasurer is directed to transfer such amount to the unemployment
compensation fund, which is a permissible use of the federal funds.

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (06/05/2020) (most recent)  
Additional Bill Documents Bill Documents
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